Conversion to Freehold:
1. This contract is subject to and conditional upon the Seller obtaining the consent of the Minister for the Department of Environment and Resource Management (“Minister”) to transfer the leasehold to the Buyer prior to the settlement date;
2. Documents relating to the Minister’s consent shall be prepared by the Seller;
3. The parties shall take all reasonable steps and do all things necessary to make itself competent and qualified to acquire and hold the Land pursuant to the Land Act 1994 (QLD);
4. If the Minister’s Consent is refused (other than by reason of the Buyer’s default under Clause “Ministers Consent” this Contract will be terminated and:
A. The Buyer will immediately return to the Seller any documents of title and transfer documents received from the Seller;
B. Once the Buyer satisfied its obligations under Clause 4 (a) the Seller will refund any money paid under this Contract;
5. The Buyer cannot terminate this Contract, delay settlement, deduct or retain any amount from the Purchase Price or claim compensation or damages in relation to any matter referred to in this special condition.

Leasehold To Freehold:

1. This Contract is subject to and conditional upon the Seller drawing a cheque at settlement from the Seller’s funds payable to the Department of Environment and Resource Management (DERM) to pay the balance owing to freehold the property.
2. This cheque is to be provided to the Buyer or Buyer’s Solicitor at settlement for immediate payment to DERM.
3. The Buyer or Buyer’s Solicitor upon receipt of the cheque will forward the cheque to DERM with a letter/application requesting that the freehold conversion of the property is held in abeyance until such time as the transfer of the property has registered in favour of the Buyer.